An impressive analysis of conversion challenges from a left wing -- 'more "state direction" for capitalism' -- direction. I keep seeing "Mazzucato-isms" in more and more places. :)
But what about the role of labor? A strange omission. This line has some new language, but a rather lengthy history in economics under "pay the losers" theory in economic development. How do you know if you are paying enough to the coal miner, the gas pipeline worker, the oil well drillers?? Answer: MAKE SURE LABOR ORGANIZATIONS REPRESENT THEM IN DECIDING "THE PAYMENT".If you fail to pay the losers, reaction will play them and cost progress and progressives a LOT more than paying a "leave no one behind" fair compensation.
Realizing a Green New Deal: Lessons from World War II
-- via my feedly newsfeed